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Costa Mesa sits in one of the most expensive zip codes in Orange County. Buyers here often have serious wealth but don't draw a traditional paycheck.
Asset depletion loans exist for exactly that profile. Your portfolio does the qualifying work instead of a W-2.
$500K+
Typical Minimum Assets
680 (varies)
Min Credit Score
60 Days
Asset Seasoning Required
Non-QM
Loan Type
Vary by profile
Rates
Asset Depletion Loans in Costa Mesa
Lenders take your eligible liquid assets and divide them over a set period — often 60 to 360 months. That math creates a monthly income figure.
That calculated income must cover the mortgage payment. Retirement accounts, brokerage accounts, and savings all count — with some haircuts applied.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Costa Mesa.
Costa Mesa sits in one of the most expensive zip codes in Orange County. Buyers here often have serious wealth but don't draw a traditional paycheck.
Asset depletion loans exist for exactly that profile. Your portfolio does the qualifying work instead of a W-2.
Lenders take your eligible liquid assets and divide them over a set period — often 60 to 360 months. That math creates a monthly income figure.
Asset depletion is a non-QM product. That means most banks won't touch it. You need a broker with access to specialty wholesale lenders.
We work with 200+ wholesale lenders at SRK CAPITAL. Several specialize in asset depletion programs with competitive terms for Costa Mesa borrowers.
The biggest mistake I see: borrowers assume all assets qualify at face value. Most lenders apply a discount — often 30% on retirement funds before the calculation.
Lender methodology also varies widely. One lender might divide assets over 84 months. Another uses 360. That gap changes your qualifying income dramatically.
If you have steady self-employment deposits, a bank statement loan might qualify you at a better rate. Asset depletion works best when income is truly irregular or absent.
DSCR loans are another option if you're buying an investment property. Rental income covers the payment instead of your personal assets or income.
Costa Mesa attracts retirees cashing out equity from other states, tech founders living off stock portfolios, and high-net-worth buyers with complex finances.
Asset depletion is a natural fit here. High purchase prices demand large loan amounts — and this program can support those figures when the asset base is strong.
Checking, savings, brokerage, and retirement accounts typically qualify. Lenders apply discounts to retirement funds before calculating income.
Requirements vary by lender. Most non-QM asset depletion programs want at least a 680. Stronger scores get better pricing.
Some lenders accept trust assets if you have full control. Business accounts are harder — most lenders require personal accounts.
Yes, but DSCR loans are often a cleaner fit for rentals. Asset depletion makes more sense for a primary or second home.
Non-QM loans typically take 20 to 30 days. Asset documentation review adds time, so have statements ready upfront.
Most lenders require 60 days of account history. Large recent deposits get flagged and may not count toward qualifying.